Watch List notes:

Lima, Peru, gold bust 8 escudos, Charles IV, 1796 IJ, rare provenance, NGC AU details / saltwater damage, cleaned (Shipwreck Label / Santa Leocadia), ex-Ruth. KM-101; Cal-1595. Bold strike, with toning in legends and spots of gray-white encrustation in some letters, the bust lightly cleaned but overall very natural-looking in a nice rich color, first we have heard of from this wreck. NGC #6446139-001. With photo-certificate from wreck conservator Joel Ruth. From: Santa Leocadia, sunk in 1800 off Punta Santa Elena, Ecuador
($2000-3000)